Quarterly Report January – September 2016

11/7/2016 1:05:31 pm

Press Release from Elanders AB (publ) 2016-11-07

January – September

  • In June 2016 Elanders signed a contract to acquire LGI Logistics Group International GmbH (“LGI”), a supply chain company with a strong presence in Europe, particularly in Germany. Through the acquisition Elanders doubles its size and the annual net sales increase from SEK 4.2 to around 8.3 billion (pro forma 2015 level). LGI is consolidated in the Elanders Group from 26 July 2016.
  • Net sales increased to MSEK 3,956 (3,113), an increase by 27 percent, of which 1 percentage point was organic growth.
  • The operating result excluding one-off items increased to MSEK 230 (181), which was an increase by 27 percent. Including one-off items the operating result increased to MSEK 221 (181).
  • The result before tax excluding one-off items increased to MSEK 210 (154), which was an improvement of 36 percent. Including one-off items the result before tax increased to MSEK 197 (154).
  • The net result increased to MSEK 138 (101) or SEK 5.20 (3.81) per share.
  • Excluding the purchase price of acquisitions, the operating cash flow amounted to MSEK 303 (108). Including acquisitions operating cash flow was MSEK -1,497 (108).
  • One-off items during the period consist mainly of advisory and financial costs in connection with the acquisition of LGI and book VAT recognized as revenue. Additional one-off costs related to the acquisition of LGI amounting to maximum MSEK 13 is expected to charge the result in the fourth quarter.
  • The rights issue was oversubscribed and concluded in the month of October. It generated a total of MSEK 695 after issue costs.

Third quarter

  • Net sales increased to MSEK 1,878 (1,041), an increase of 80 percent, of which 4 percentage points were organic growth.
  • The operating result excluding one-off items increased to MSEK 103 (64). Including one-off items, the operating result increased to MSEK 100 (64).
  • The result before tax excluding one-off items increased to MSEK 91 (55), which was an improvement by 65 percent. Including one-off items the result before tax was MSEK 86 (55).
  • The net result increased to MSEK 58 (36) or SEK 2.17 (1.35) per share.
  • Excluding the purchase price of acquisitions, the operating cash flow amounted to MSEK 201 (-24). Including acquisitions operating cash flow was MSEK -1,565 (-24).

Further information can be found on Elanders’ website www.elanders.com or requested via e-mail aW5mb0BlbGFuZGVycy5jb20=.

Questions concerning this report can be addressed to:

Magnus Nilsson
President and CEO
Phone: +46 31 750 07 50

Andréas Wikner
Chief Financial Officer
Phone: +46 31 750 07 50

Elanders AB (publ)
(Company ID 556008-1621)
P.O. Box 137
SE-435 23 Mölnlycke, Sweden
Phone: +46 31 750 00 00

This information is information that Elanders AB is obliged to make public pursuant to the EU Market Abuse Regulation. The information was submitted for publication, through the agency of the contact persons set out above, at 13:00 CET on 7 November 2016.

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